Teaching Austrian Economic Theory
This weekend I had the pleasure to speak before the 12th Annual Economics Teaching Workshop co-sponsored by UNC-Wilmington and Cengage Learning. My topic was "Teaching Austrian Economic Theory." The attendees were professors and instructors (with a few grad students thrown in for flavor). I was happily surprised to see several hands go up when I asked how many have heard of Austrian Economics.
When I was asked to give the talk, I was given a wide latitude about what I could say. While having such discretion is a wonderful thing, I found that I had very little idea who my audience would be. After thinking about it, I realized that I had to do the following:
- Introduce and explain what Austrian Economics is.
- Show how it differs with the mainstream.
- Show how to teach it.
- Show why it is better.
- Do it for enough topics to be relevant. (I chose to cover value theory, capital theory and business cycle theory.)
- And do it all in under an hour!
Once again, I would like to thank my hosts for the event. In particular Rob Burrus and Pete Schuhmann of UNC-W and John Carey of Cengage.